Benefits Levels Clause Samples

The "Benefits Levels" clause defines the specific types and amounts of benefits that are provided to individuals under an agreement, such as employees or plan participants. It typically outlines the categories of benefits—like health insurance, retirement contributions, or paid leave—and may specify eligibility criteria, coverage limits, or tiers based on factors such as seniority or employment status. By clearly delineating what benefits are available and to whom, this clause ensures transparency and helps prevent misunderstandings or disputes regarding entitlements.
Benefits Levels. During the term of this agreement, the County agrees to continue all benefit programs at current benefit levels as listed in the MOU and the Benefit Summary.
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Benefits Levels. (a) Upon receipt of a request from an Eligible Employer, the Trustees shall provide the Eligible Employer with the following (hereinafter collectively referred to as the “Preliminary Summary of Benefits”): (i) a summary of the Benefits that the CUPE EWBT Retired Employee Benefit Plan can provide to the Retired Employees of that Eligible Employer based upon the Eligible Employer’s Prior Plan; (ii) an estimated Cost of Benefits; and, (iii) identification of which benefits would be fully insured and which benefits would be provided on a self-insured basis and the terms on which the self-insured benefits can be provided (for example, any required float, whether a Participating Employer may be required to accept responsibility for payment to the Trust for the costs of the self-insured Benefit in the event Retired Employees fail to pay their Retired Employee Premium Shares, etc.). The Trustees shall provide this information to the Eligible Employer as soon as possible but not later than thirty (30) days from the date the request is received. (b) Within thirty (30) days of receipt of the Preliminary Summary of Benefits, the Eligible Employer may accept the Preliminary Summary of Benefits and submit a duly completed and executed Retired Employee Participation Agreement to the Trustees, or the Eligible Employer may advise the Trustees that it wishes to modify the Preliminary Summary of Benefits by submitting any requested modifications in writing and remitting them, together with any data required by the Insurance Company, to the Trustees and the Insurance Company. Modifications to the Preliminary Summary of Benefits may only be for the purpose of replicating the Benefits the Eligible Employer provided to its Retired Employees under Prior Arrangements. Notwithstanding the foregoing, the Trustees are not required to verify that any requested modification conforms to an Eligible Employer’s Prior Arrangements, and for greater certainty, if the Eligible Employer becomes a Participating Employer, the Participating Employer is solely responsible and liable for any deficiencies in coverage between the Benefits and its Prior Arrangements. (c) The Trustees shall make commercially reasonable efforts to provide any requested modifications to the Preliminary Summary of Benefits on a fully insured basis. If the Trustees cannot, after making commercially reasonable efforts to do so, provide a modification to the Preliminary Summary of Benefits on a fully insured basis, then the ...
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Related to Benefits Levels

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows: (a) The Manager shall (i) receive an annual cash base salary, payable not less frequently than semi-monthly, which is not less than the annualized cash base salary payable to Manager as of the Effective Date; (ii) be entitled to at least as favorable annual incentive award opportunity under the Company's annual incentive compensation plan as he did in the calendar year immediately prior to the year in which the Change of Control Event occurs; and (iii) be eligible to participate in all of the Company's long-term incentive compensation plans and programs on terms that are at least as favorable to the Manager as provided to the Manager in the four calendar years prior to the Effective Date. (b) The Manager shall be entitled to receive fringe benefits, employee benefits, and perquisites (including, but not limited to, vacation, medical, disability, dental, and life insurance benefits) which are at least as favorable to those made generally available as of the Effective Date to all of the Company's salaried managers as a group. In addition, the Manager shall be eligible to participate in the Company's Supplemental Retirement Income Program ("SRIP"). (c) Notwithstanding any other provision of this Agreement (whether in this Section 4, in Section 6, or elsewhere), (i) the Board of Directors may authorize an increase in the amount, duration, and nature of and/or the acceleration of any compensation or benefits payable under this Agreement, as well as waive or reduce the requirements for entitlement thereto and (ii) the Company may deduct from amounts otherwise payable to the Manager such amounts as it reasonably believes it is required to withhold for the payment of federal, state, and local taxes.

  • Minimum Benefits If the Termination Date occurs during the Employment Period for any reason, the Executive shall be entitled to the Minimum Benefits, in addition to any other benefits to which the Executive may be entitled under the following provisions of this Section 4 or the express terms of any employee benefit plan or as required by law. Any benefits to be provided to the Executive pursuant to this Section 4(a) shall be provided within thirty (30) days after the Termination Date; provided, however, that any benefits, incentives or awards payable as described in Section 4(f) shall be made in accordance with the provisions of the applicable plan, program or arrangement. Except as may otherwise be provided expressly to the contrary in this Agreement or as otherwise provided by law, nothing in this Agreement shall be construed as requiring the Executive to be treated as employed by the Company following the Termination Date for purposes of any employee benefit plan or arrangement in which the Executive may participate at such time.

  • Benefits; Vacation Employee shall be eligible to receive all benefits as are available to similarly situated employees of Employer generally, and any other benefits that Employer may, in its sole discretion, elect to grant to Employee from time to time. In addition, Employee shall be entitled to four (4) weeks paid vacation per year, which shall be pro-rated for the first partial year of employment and shall accrue in accordance with Employer’s policies applicable to similarly situated employees of Employer.

  • Benefit Level The primary care clinics available through each plan administrator are assigned a Benefit Level. The Benefit Levels are outlined in the benefit chart below. Primary care clinics may be in different Benefit Levels for different plan administrators. Family members may be enrolled in clinics that are in different Benefits Levels. Employees and their dependents may change to clinics in different Benefit Levels during the annual open enrollment. Employees and their dependents may also elect to move to a clinic in a different Benefit Level within the same plan administrator up to two (2) additional times during the plan year. Unless the individual has a referral from his/her primary care clinic, there are no benefits for services received from providers in Benefit Levels that are different from that of the primary care clinic in which the individual has enrolled.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.